Welcome to your next opportunity! Each apartment has undergone significant renovations during current ownership, resulting in a lovely, turn key investment opportunity in one of the most appealing locations in downtown. Upgrades throughout include hardwood floors, updated kitchens and baths, and sensible, spacious living areas. Apt 1 was a thriving Airbnb, and more recently a furnished mid term rental to abide by recent city regulations. The remaining apartments are occupied by tenants that would love to stay, and opportunity for upside remains in those rent prices. Heat and electricity are seperated, with natural gas radiators providing a highly efficient heat source for tenants. 3 of the apartments have their own laundry facilities, an unusual and highly desirable amenity for affordable apartments. All of this is located across from the lovely Musser Park, and just a short walk from the wonderful amenities of downtown Lancaster. Many amazing dining destinations, shopping, the arts scene, the nightlife and so much more are at your fingertips in this location. For investors, buy this for the appreciation and cashflow, or for an owner occupant this could make a wonderful opportunity for a low down payment FHA purchase and having a large portion of your living expenses covered. Take this opportunity to own your very own piece of thriving Lancaster!
Sold for $575,000
$575,000
305 E Chestnut St, Lancaster, PA 17602
5beds
2,882sqft
Single Family Residence
Built in 1880
2,614 Square Feet Lot
$681,200 Zestimate®
$200/sqft
$2,938 Estimated rent
Home value
$681,200
$627,000 - $749,000
$2,938/mo
Zestimate® history
Owner options
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$2,938/mo
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$2,938/mo
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$3,693/mo
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$3,693/mo
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List your homeWhat's special
Natural gas radiatorsUpdated kitchensLaundry facilitiesHardwood floorsAmazing dining destinations
Zillow last checked:
Listing updated:
Listed by:
Benuel Esh 717-344-4480,
Keller Williams Elite,
Listing Team: Esh & Associates
Bought with:
Jennifer Jane Jacoby, RS358581
Hometown Property Sales
Source: Bright MLS,MLS#: PALA2044284
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 5
Basement
- Description: Percent Finished: 0.0
- Area: 1200
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Stainless Steel Appliance(s), Dryer, Water Heater, Washer, Gas Water Heater
- Laundry: Main Level, In Basement, Has Laundry
Features
- Combination Kitchen/Living, Bathroom - Tub Shower, Upgraded Countertops, Plaster Walls, Wood Ceilings, Dry Wall
- Flooring: Hardwood, Luxury Vinyl, Wood
- Windows: Double Hung, Double Pane Windows, Vinyl Clad
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,082
- Total interior livable area: 2,882 sqft
- Finished area above ground: 2,882
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: Three
- Stories: 3
- Patio & porch: Porch
- Exterior features: Lighting, Play Area
- Pool features: None
- Fencing: Wood
- Has view: Yes
- View description: City
Lot
- Size: 2,614 sqft
- Features: Level, Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 3365530800000
- Zoning: RESIDENTIAL
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Stone
- Roof: Asphalt,Rubber
Condition
- Excellent,Very Good
- New construction: No
- Year built: 1880
- Major remodel year: 2021
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Fire Alarm
Location
- Region: Lancaster
- Subdivision: Musser Park
- Municipality: LANCASTER CITY
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional,FHA
- Ownership: Fee Simple
- Road surface type: Black Top
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2024 | Sold | $575,000$200/sqft |
Source:  Bright MLS #PALA2044284 Report a problem | ||
| 12/19/2023 | Pending sale | $575,000+2.9%$200/sqft |
Source: Bright MLS #PALA2044284 Report a problem | ||
| 12/14/2023 | Listed for sale | $559,000$194/sqft |
Source: Bright MLS #PALA2044290 Report a problem | ||
| 3/17/2021 | Listing removed | -- |
Source:  Keller Williams Report a problem | ||
| 3/10/2021 | Listed for rent | $995 |
Source: Keller Williams #PALA178358 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Musser Park
Nearby schools
GreatSchools rating
- 7/10Wickersham El SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Lincoln Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10McCaskey CampusGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Wickersham E.s.
- Middle: Lincoln M.s.
- High: Mccaskey H.s.
- District: School District Of Lancaster
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$681,200
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- Pennsylvania
- Lancaster County
- Lancaster
- 17602
- Musser Park
- 305 E Chestnut St
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